Richard Foster, the actuary for the Centers for Medicare and Medicaid, told Senate Republicans that the overhaul will result in “less generous benefit packages” for Medicare Advantage plans next year.
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Democrats have long contended that Medicare Advantage plans – private insurance alternatives to Medicare – overpay private insurers, increasing premiums for everyone, and needs to be reformulated.
But Republicans say dramatic changes to the program mean some seniors won’t be able to keep their plans – a promise President Barack Obama made during the reform debate – and the GOP has made the issue part of its attempt to roll back the health law.
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